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Moody's cut China's sovereign credit rating to A1 from Aa3 and set the outlook to stable from negative, citing slowing growth and rising debt. It was Moody's first downgrade of China since 1989 and it expects government debt to approach 40 percent of GDP by 2018.
A weaker Chinese growth outlook and more policy stimulus could reduce Chinese demand for raw materials, weighing on Australian export currencies and commodity prices.
cnbc.comLeslie ShafferMay 24, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
